Westwater Resources (NASDAQ:WWR) Coverage Initiated at D. Boral Capital

Stock analysts at D. Boral Capital began coverage on shares of Westwater Resources (NASDAQ:WWR) in a research note issued to investors on Thursday. The brokerage set a “buy” rating and a $3.00 price target on the basic materials company’s stock.

A number of other research analysts also recently commented on the stock. Maxim Group started coverage on shares of Westwater Resources in a report on Wednesday, April 15th. They issued a “buy” rating and a $2.00 price target for the company. HC Wainwright reissued a “buy” rating and set a $1.75 price objective on shares of Westwater Resources in a research note on Tuesday, April 7th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $2.25.

Westwater Resources Stock Down 4.0%

WWR stock opened at $0.48 on Thursday. Westwater Resources has a 52 week low of $0.47 and a 52 week high of $3.75. The firm has a market capitalization of $61.02 million, a P/E ratio of -3.69 and a beta of 1.59. The company has a fifty day simple moving average of $0.61 and a two-hundred day simple moving average of $0.80.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WWR. Baader Bank Aktiengesellschaft purchased a new stake in shares of Westwater Resources in the third quarter valued at $29,000. Evernest Financial Advisors LLC bought a new position in Westwater Resources during the 3rd quarter valued at about $95,000. Soviero Asset Management LP bought a new position in Westwater Resources during the 3rd quarter valued at about $446,000. Two Sigma Investments LP purchased a new stake in Westwater Resources in the 3rd quarter worth about $972,000. Finally, Centiva Capital LP bought a new stake in Westwater Resources in the third quarter worth about $64,000. Institutional investors own 7.72% of the company’s stock.

Westwater Resources Company Profile

Westwater Resources, Inc (NASDAQ: WWR) is a Houston‐based mineral development company focused on advancing sustainable sources of battery‐grade graphite for the lithium‐ion battery market. The company’s primary asset is the Coosa Graphite Project in east‐central Alabama, where Westwater is working to establish a fully integrated, U.S.‐based supply chain for natural spherical graphite. By leveraging in‐house purification and spheronization technology, Westwater aims to produce high‐purity graphite suitable for electric vehicle and stationary energy storage applications.

Originally founded as a diversified natural resources company, Westwater Resources has realigned its strategy toward critical battery minerals.